Orion Digital Corp (ORIO) News & EventsORIOOrion Digital Corp

Mogo Expects 2026 Adjusted EBITDA to Exceed C$6.0 Million

The company said, "Management expects to continue executing its capital allocation framework throughout the remainder of 2026, balancing profitability, liquidity and long-term growth opportunities across its Lending, Wealth and Payments businesses. Following the commercial launch of Intelligent Investing in July 2026, management's focus has shifted from product development to commercialization. During the remainder of 2026, the Company intends to introduce the platform to a broader group of investors, learn from how customers use it, continuously enhance the platform and allocate additional capital based on customer engagement, member retention and long-term customer economics. Management believes long-term success will be driven less by initial customer acquisition and more by building a platform that members actively use, continue to subscribe to and incorporate into their investing process over time. We expect to continue investing selectively in Carta while expanding the platform's capabilities. Carta's existing infrastructure gives us a foundation to add capabilities over time, including in stablecoin-enabled payments, and we will invest in those opportunities where the expected returns meet our capital allocation criteria. Following the deliberate reduction in Mogo's lending deployment during the first half of 2026, management expects to gradually increase lending deployment while continuing to evaluate new originations against expected risk-adjusted returns, capital payback objectives, liquidity requirements and overall capital allocation priorities. Consistent with the guidance outlined earlier this year, management currently expects Adjusted EBITDA during the second half of 2026 to be lower than the first half as we ramp up origination volume again and increase marketing investment following the commercial launch of Intelligent Investing. Management does not view the second quarter as establishing a new earnings run rate, but rather as demonstrating the underlying earnings and cash-generation capacity of the business under the Company's current capital allocation framework. Based on the Company's stronger-than-expected operating performance during the first half of 2026, management believes Orion is well positioned relative to its previously communicated full-year Adjusted EBITDA guidance of C$6.0 million to C$7.0 million. While second-half Adjusted EBITDA is expected to moderate as the Company increases investment in future growth, management currently expects full-year Adjusted EBITDA to trend toward the upper end of, and potentially exceed, its previously communicated guidance range. Management also continues to expect consolidated revenue for 2026 to be modestly lower than 2025."

Wealth Management Company Reports Q2 Revenue of C$16.9M

Reports Q2 revenue C$16.9M vs. C$17M last year. David Feller, Founder and CEO said, "Wealth assets under management reached C$545 million and Wealth revenue increased 14%. Subsequent to quarter-end, we commercially launched Intelligent Investing, beginning the platform's commercialization phase. We believe increasingly abundant research and information are increasing the importance of disciplined investment decision-making. Intelligent Investing is organized around the investment decision and is designed to help members research, document, benchmark and review their investment decisions over time. Our focus now is to introduce the platform to a broader group of investors, evaluate customer engagement and retention, continuously improve the platform and build an effective customer-acquisition model before increasing investment. Intelligent Investing is being commercialized from an established Canadian wealth business, providing the regulatory, operating and technology foundation for commercialization. We intend to allocate additional capital based on demonstrated customer use and long-term customer economics."

Orion Digital Commercially Launches Intelligent Investing Platform

Orion Digital announced the commercial launch of Intelligent Investing, an investing platform built for an AI world in which information is increasingly abundant and long-term success depends less on access to information and more on the quality of investment decisions. Through the remainder of 2026 Orion Digital intends to introduce the platform to more investors, learn from how they use it, improve it continuously and invest behind what works. Greg Feller, President & CFO, said: "Commercial launch marks the transition from product development to commercialization. Our focus now is straightforward: introduce Intelligent Investing to customers, learn quickly from how they use it, continuously improve the platform and allocate capital with discipline. We believe that approach gives us the best opportunity to build a large and enduring wealth business over time."